Myra took out a 20 y...

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takeenajames:

Myra took out a 20 year loan for $80,000 at an APR of 11.5%, compounded monthly. Approximately what would be the total cost of her loan if she paid it off 13 years early

4 years ago

anivearb0109:

Hello , My name is Anivea I can help You!

4 years ago

takeenajames:

Hello thank you

4 years ago

anivearb0109:

So 80,000 divdie by 11.5 okay

4 years ago

anivearb0109:

I had the same problem and i got it right so i can help u

4 years ago

Timmyspu:

Also welcome to question cove I hope you enjoy your time here. If you have any questions feel free to ask.

4 years ago

anivearb0109:

Thank ou Timmy

4 years ago

takeenajames:

Dividing that I still don’t see the answer in the multiple choice section.

4 years ago

anivearb0109:

ya were not done

4 years ago

takeenajames:

1 attachment

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4 years ago

takeenajames:

1 attachment

image.jpg

4 years ago

Timmyspu:

Do you still need help understanding how to get your answer?

4 years ago

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